Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Shinagawa Company was set up on March 31, 2019 with Jinawa investing equipment costing P200,000 with a current fair value of P300,000. Obi invested cash thrice Jinawa's contribution. Partners agreed that Obi is to receive an annual salary of P120,000 while Jinawa is to receive a 20% bonus. The remaining is to be shared according to their initial capital balances.
You are then required to compute for the following with its each respective assumption per year:
-Net loss amounting to P60,000 was incurred in 2019. Consider that bonus is based on net income after salary. What was the loss attributable to Obi?
-Net income amounting to P300,000 was earned in 2020. Consider that bonus is based on net income before salary and bonus. What was the profit distribution for Jinawa?
-Net income amounting to P300,000 was also earned in 2021. Consider that bonus is based on net income after salary and bonus. What was the profit distribution for Jinawa?
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd